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Associated Press
People walk past a branch of the HSBC bank in London, Wednesday, May 15, 2013, after the bank announced 2 to 3 billion US dollars in new cuts as it continues to trim its global empire. Europe's biggest bank by market value, HSBC announced a doubling of its profit earlier this month as it reaped the benefits of recent restructuring, trimming around 40,000 jobs from a workforce of about 300,000 since 2011, but the new cost cutting is widely expected to translate into additional layoffs. (AP Photo/Lefteris Pitarakis)

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